India LAB import market stable on the back of stronger currency

SINGAPORE (ICIS)--Imported prices of linear alkyl benzene (LAB) in India were have been stable amid largely rangebound discussion, market players said on Wednesday.

The recent strengthening of the rupee against the US dollar was said to have supported buyers sentiment to import cargoes.

Nevertheless, market participants said they were not expecting an upward movement in prices as economic growth remained unlikely ahead of the general elections in the country. According to news reports, India's general election will take place in nine phases in April and May.

Offers were indicated at or above $1,800/tonne CFR (cost and freight) India from GCC suppliers.